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ZGQ.TO vs. RUD.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ZGQ.TO vs. RUD.TO

Last updated Jun 4, 2026

ZGQ.TO (BMO MSCI All Country World High Quality Index ETF) and RUD.TO (RBC Quant U.S. Dividend Leaders ETF (CAD)) are both exchange-traded funds - ZGQ.TO is a Global Equities fund tracking the MSCI All Country World High Quality Index, while RUD.TO is a Large Cap Blend Equities fund actively managed by RBC. ZGQ.TO is passively managed, while RUD.TO is actively managed. Over the past 10 years, ZGQ.TO returned 15.07%/yr vs 13.02%/yr for RUD.TO. A 0.72 correlation means they provide meaningful diversification when combined. ZGQ.TO charges 0.50%/yr vs 0.43%/yr for RUD.TO.

Performance

ZGQ.TO vs. RUD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO MSCI All Country World High Quality Index ETF (ZGQ.TO) and RBC Quant U.S. Dividend Leaders ETF (CAD) (RUD.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ZGQ.TO achieves a 13.23% return, which is significantly higher than RUD.TO's 8.99% return. Over the past 10 years, ZGQ.TO has outperformed RUD.TO with an annualized return of 15.07%, while RUD.TO has yielded a comparatively lower 13.02% annualized return.

ZGQ.TO

1D
-0.05%
1M
6.84%
YTD
13.23%
6M
8.19%
1Y
25.52%
3Y*
20.50%
5Y*
13.96%
10Y*
15.07%

RUD.TO

1D
-0.32%
1M
5.71%
YTD
8.99%
6M
6.16%
1Y
22.08%
3Y*
17.06%
5Y*
13.78%
10Y*
13.02%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ZGQ.TO vs. RUD.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ZGQ.TO
BMO MSCI All Country World High Quality Index ETF		13.23%8.04%29.47%29.38%-18.76%21.44%22.41%28.91%-0.12%19.54%
RUD.TO
RBC Quant U.S. Dividend Leaders ETF (CAD)		8.99%7.31%22.78%19.01%-7.35%31.62%8.82%19.60%1.05%9.17%

Correlation

The correlation between ZGQ.TO and RUD.TO is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.82

Correlation (3Y)
Calculated over the trailing 3-year period

0.80

Correlation (5Y)
Calculated over the trailing 5-year period

0.81

Correlation (10Y)
Calculated over the trailing 10-year period

0.73

Correlation (All Time)
Calculated using the full available price history since Nov 13, 2014

0.72

The correlation between ZGQ.TO and RUD.TO has been stable across timeframes, ranging from 0.72 to 0.82 - a consistent structural relationship.

ZGQ.TO vs. RUD.TO - Sectors Allocation Comparison

Sectors
ZGQ.TO
RUD.TO

Technology

38.4%
31.1%

Healthcare

13.4%
8.0%

Communication Services

13.3%
8.4%

Industrials

11.2%
8.7%

Consumer Defensive

9.3%
8.4%

Financial Services

7.5%
12.9%

Consumer Cyclical

4.0%
13.2%

Basic Materials

2.2%
0.5%

Energy

0.4%
5.0%

Real Estate

0.3%
0.8%

Utilities

0.2%
3.0%

Technology

ZGQ.TO
38.4%
RUD.TO
31.1%

Healthcare

ZGQ.TO
13.4%
RUD.TO
8.0%

Communication Services

ZGQ.TO
13.3%
RUD.TO
8.4%

Industrials

ZGQ.TO
11.2%
RUD.TO
8.7%

Consumer Defensive

ZGQ.TO
9.3%
RUD.TO
8.4%

Financial Services

ZGQ.TO
7.5%
RUD.TO
12.9%

Consumer Cyclical

ZGQ.TO
4.0%
RUD.TO
13.2%

Basic Materials

ZGQ.TO
2.2%
RUD.TO
0.5%

Energy

ZGQ.TO
0.4%
RUD.TO
5.0%

Real Estate

ZGQ.TO
0.3%
RUD.TO
0.8%

Utilities

ZGQ.TO
0.2%
RUD.TO
3.0%

Compare stocks, funds, or ETFs

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BMO MSCI All Country World High Quality Index ETF

RBC Quant U.S. Dividend Leaders ETF (CAD)

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Often compared with RUD.TO:
RUD.TO vs. VGG.TORUD.TO vs. ZUQ.TORUD.TO vs. CEW.TORUD.TO vs. XGRO.TORUD.TO vs. FCUV.TORUD.TO vs. QQC.TORUD.TO vs. XDIV.TO

Return for Risk

ZGQ.TO vs. RUD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZGQ.TO
ZGQ.TO Risk / Return Rank: 5555
Overall Rank
ZGQ.TO Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
ZGQ.TO Sortino Ratio Rank: 5252
Sortino Ratio Rank
ZGQ.TO Omega Ratio Rank: 5555
Omega Ratio Rank
ZGQ.TO Calmar Ratio Rank: 5555
Calmar Ratio Rank
ZGQ.TO Martin Ratio Rank: 6262
Martin Ratio Rank
RUD.TO
RUD.TO Risk / Return Rank: 5858
Overall Rank
RUD.TO Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
RUD.TO Sortino Ratio Rank: 5151
Sortino Ratio Rank
RUD.TO Omega Ratio Rank: 5454
Omega Ratio Rank
RUD.TO Calmar Ratio Rank: 6767
Calmar Ratio Rank
RUD.TO Martin Ratio Rank: 6565
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZGQ.TO vs. RUD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO MSCI All Country World High Quality Index ETF (ZGQ.TO) and RBC Quant U.S. Dividend Leaders ETF (CAD) (RUD.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

ZGQ.TORUD.TODifference
Sharpe ratioReturn per unit of total volatility
1.83
1.81

+0.02

Sortino ratioReturn per unit of downside risk
2.57
2.47

+0.10

Omega ratioGain probability vs. loss probability

1.34

1.34

+0.01

Calmar ratioReturn relative to maximum drawdown

2.78

3.34

-0.56

Martin ratioReturn relative to average drawdown

11.30

11.90

-0.60

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZGQ.TO vs. RUD.TO - Sharpe Ratio Comparison

The current ZGQ.TO Sharpe Ratio is 1.83, which is comparable to the RUD.TO Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of ZGQ.TO and RUD.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

ZGQ.TORUD.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.83

1.81

+0.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.89

0.90

-0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.94

0.84

+0.09

Sharpe Ratio (All Time)

Calculated using the full available price history

0.93

0.81

+0.12

Drawdowns

ZGQ.TO vs. RUD.TO - Drawdown Comparison

The maximum ZGQ.TO drawdown since its inception was -26.68%, smaller than the maximum RUD.TO drawdown of -29.89%. Use the drawdown chart below to compare losses from any high point for ZGQ.TO and RUD.TO.

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Drawdown Indicators

ZGQ.TORUD.TODifference

Max Drawdown

Largest peak-to-trough decline

-26.68%

-29.89%

+3.21%

Max Drawdown (1Y)

Largest decline over 1 year

-9.22%

-6.65%

-2.57%

Max Drawdown (3Y)

Largest decline over 3 years

-18.36%

-28.33%

+9.97%

Max Drawdown (5Y)

Largest decline over 5 years

-26.68%

-28.33%

+1.65%

Max Drawdown (10Y)

Largest decline over 10 years

-26.68%

-29.89%

+3.21%

Current Drawdown

Current decline from peak

-1.17%

-0.40%

-0.77%

Average Drawdown

Average peak-to-trough decline

-4.49%

-3.99%

-0.50%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.27%

1.86%

+0.41%

Volatility

ZGQ.TO vs. RUD.TO - Volatility Comparison

BMO MSCI All Country World High Quality Index ETF (ZGQ.TO) has a higher volatility of 4.57% compared to RBC Quant U.S. Dividend Leaders ETF (CAD) (RUD.TO) at 2.59%. This indicates that ZGQ.TO's price experiences larger fluctuations and is considered to be riskier than RUD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ZGQ.TORUD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.57%

2.59%

+1.98%

Volatility (6M)

Calculated over the trailing 6-month period

11.49%

9.27%

+2.22%

Volatility (1Y)

Calculated over the trailing 1-year period

14.04%

12.31%

+1.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.83%

15.38%

+0.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.15%

15.53%

+0.62%

ZGQ.TO vs. RUD.TO - Expense Ratio Comparison

ZGQ.TO has a 0.50% expense ratio, which is higher than RUD.TO's 0.43% expense ratio.

Dividends

ZGQ.TO vs. RUD.TO - Dividend Comparison

ZGQ.TO's dividend yield for the trailing twelve months is around 0.49%, less than RUD.TO's 1.37% yield.

PositionTTM20252024202320222021202020192018201720162015
RUD.TO
RBC Quant U.S. Dividend Leaders ETF (CAD)		1.37%1.35%1.16%1.49%1.57%1.10%1.64%1.93%2.01%1.78%1.73%2.12%
ZGQ.TO
BMO MSCI All Country World High Quality Index ETF		0.49%0.60%0.90%1.33%1.34%0.86%0.99%1.10%1.51%1.09%1.35%1.03%

Frequently Asked Questions

ZGQ.TO and RUD.TO have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, RUD.TO is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.

RUD.TO is cheaper with a 0.43% expense ratio, compared with 0.50% for ZGQ.TO.

ZGQ.TO is categorized as Global Equities, while RUD.TO is Large Cap Blend Equities. They also come from different issuers: BMO and RBC. Their fees differ too: 0.50% for ZGQ.TO and 0.43% for RUD.TO.

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